Govt and other stakeholders must work together for its growth

Govt must have a multi-pronged approach to curb them

There are 12 issues that policymakers should consider for short- and medium-term action on inflation.

In a nation where poverty remains a pressing issue, this relentless inflationary trend has thrust countless families to the precipice of financial instability.

Its lack of independence has had disastrous effects

Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices. 

On April 2, the World Bank forecast that inflation in Bangladesh might stay elevated at 9.6 percent in fiscal year (FY) 2023-24 before moderating to 8.6 percent in FY 2024-25.